NEW DELHI: A court here on Tuesday dropped the proceedings against Managing Director of real estate major Emaar MGFShravan Guptaafter he informed it that the Delhi High courthas quashed summons issued against him in a case filed by the Income Tax (I-T) department for allegedly not furnishing details of his bank accounts.
Additional Chief Metropolitan Magistrate Devendra Kumar Sharma noted that the high court in its April 6 order has quashed the summons issued against Gupta.
“In this view, proceedings qua Shravan Gupta are dropped,” the court said.
The high court has said that the trial court’s order of summoning Gupta as accused was liable to be quashed on “technical reason”.